Upper Tamakoshi Right Share: Only 20% shares applied so far

Upper Tamakoshi Hydropower Limited (UPPER) has opened applications for reserved right shares from Bhadra 18, 2080 and closing on Aswin 7. Only 3 days remaining for the application and only 19.64 % shares has been applied for. 

The company has  issued 10 million 59 million right shares with a face value of 100 rupees per share worth 10.59 billion rupees.

Applications for the rights issue of shares, which opened on Bhadra 18, will be accepted until Aswin 7, 5:00 PM. The company has issued 100% rights shares, equivalent to NPR 10 Arba 59 Crore in total. In this regard, a total of 10 Crore 59 Lakh shares have been issued at NPR 100 per share. The Securities Board of Nepal (SEBON) has informed that only 2 Crore 7 Lakh 98 Thousand 93 shares has been applied for  as of Friday morning with a total of 1,93,631 applications. 

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